G11 - Week 8 - Day 1

In-class work

1. News presentations
2. Video questions?
1. Price Elasticity of Supply and its Determinants
3. Exercises 17-20
4. Part b - “The income elasticity of demand for primary products tends to be lower than that for manufactured products and services.” Examine the implications of this for producers and for the economy as a whole. [15 marks]

At-home work

1. Ch. 4 learning outcome quiz
2. Finish writing answer to the question above